Kyle Bass Says Cryptocurrencies to Be Viable Asset Class

The speaker reflects on their initial dismissal of Bitcoin due to a lack of understanding. Over time, they have come to see cryptocurrency as a legitimate asset class, though they acknowledge the challenges in valuing it. The discussion covers global economic trends, including inflation and the deflationary impact of technology. The speaker expresses skepticism about the current cryptocurrency market, citing potential risks and frauds, but believes in its long-term viability. They have not invested in Bitcoin or Ether but are tempted by the potential opportunities.

What was the speaker's initial reaction to Bitcoin?

• They were enthusiastic about it.

• They dismissed it due to lack of understanding.

• They invested heavily in it.

• They ignored it completely.

What is the speaker's current view on cryptocurrency?

• They see it as a passing trend.

• They believe it is a legitimate asset class.

• They are unsure about its future.

• They think it is a scam.

What economic factor does the speaker believe will influence cryptocurrency?

• Stagnation

• Inflation

• Deflation

• Recession

What concern does the speaker have about the current cryptocurrency market?

• It is too regulated.

• It is too stable.

• It is a bit of a mania.

• It is not popular enough.

Despite the current market conditions, what does the speaker believe about cryptocurrency?

• It will only be used for illegal activities.

• It will never be accepted.

• It will remain a viable asset class long-term.

• It will disappear soon.